Countries relying on commodity exports are expected to slow as well. Growth in many other economies are also anticipated to decelerate. Emerging markets are displaying worrying trends toward indebtedness, with some of South Africa and Durban’s export partners ranging in between 60% - 125% outstanding debt to GDP.
The global economy is under significant pressure, partly due to the economic performance and decisions of economic powerhouses (such as China and the USA), which much of the global economy is dependent on. The challenge remains for South Africa to develop resilience and diversification beyond markets which it is traditionally dependent upon; such as China and the USA.